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On April 20th, the district court overseeing the Lehman Brothers securities and ERISA litigation refused to stay a significant part of a FINRA arbitration brought by a purchaser of Lehman bonds and filed against Richard S. Fuld Jr., the former CEO and Chairman of Lehman Brothers Holdings, Inc., and its broker-dealer, Lehman Brothers, Inc

The California Court of Appeal recently addressed the issue of the interpretation of arbitration clauses in the context of claims for misappropriation of trade secrets in the case of Valentine Capital Asset Management, Inc. v. Agahi